Trustpilot Group (LON:TRST) Stock Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Trustpilot shares fell below their 50-day moving average, trading as low as GBX 245.20 versus the GBX 252.87 average, before last changing hands at GBX 246.80 on heavy volume.
• Analysts remain bullish, with four Buy ratings and a consensus price target of GBX 351.25; Deutsche Bank and Berenberg maintained Buy recommendations with targets of GBX 375 and GBX 315, respectively.
• Insider activity was mixed: Adrian Blair sold 584,484 shares for about £1.29 million, while Zillah Byng-Thorne bought 27,746 shares; insiders own 13.76% of the company.

Trustpilot Group plc (LON:TRST - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 252.87 and traded as low as GBX 245.20. Trustpilot Group shares last traded at GBX 246.80, with a volume of 41,386,441 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 375 target price on shares of Trustpilot Group in a research report on Wednesday, September 16th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 315 price target on shares of Trustpilot Group in a research report on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 351.25.

Trustpilot Group Trading Up 0.2%

The firm's 50-day moving average price is GBX 252.87 and its 200-day moving average price is GBX 231.50. The company has a quick ratio of 1.71, a current ratio of 0.40 and a debt-to-equity ratio of -45.48. The company has a market cap of £952.96 million, a P/E ratio of -3.18 and a beta of 0.51.

Insider Transactions at Trustpilot Group

In other Trustpilot Group news, insider Adrian Blair sold 584,484 shares of Trustpilot Group stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of GBX 220, for a total transaction of £1,285,864.80. Also, insider Zillah Byng-Thorne bought 27,746 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of GBX 215 per share, for a total transaction of £59,653.90. Insiders purchased 207,556 shares of company stock valued at $45,439,241 over the last three months. Company insiders own 13.76% of the company's stock.

About Trustpilot Group

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve. Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.

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